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QLD › Upper Mount Gravatt › Cremin St

U2744, 1-5 Cremin St, Upper Mount Gravatt QLD 4122

For saleApartment

$839,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $839,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $839,000(Listing record · 17 Aug 2026)
  • CalculationAsk is 40% below the Upper Mount Gravatt median recorded sale ($1,400,000, n=17, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Upper Mount Gravatt's advertised median rent ($713/wk), implied gross yield would be 4.42% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$839,000

Asking

No recorded sale for this property.

Upper Mount Gravatt at a glance

12,074

People

$1,400,000

Median sale

$713/wk

Median rent

2.65%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Upper Mount Gravatt report →

Vs Upper Mount Gravatt

-40.1%

Median sale

Suburb $1,400,000

+1.77 pp

Gross yield

Suburb 2.65%

Suburb median $1,400,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$839,000
Stamp Duty (Queensland)
$30,780
Transfer/Registration Fee
$3,321
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$876,801

$37,801 on top of the price (4.5% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Upper Mount Gravatt's advertised median rent — not a rent for this listing.

Net yield
2.92%
Annual cashflow (pre-tax)
$-19,137
Interest cover (DSCR)
0.56
Annual rent
$37,076
Operating expenses
$12,585
Loan amount
$671,200
Annual interest
$43,628
Gross yield
4.42%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$839,000available17 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $713/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Upper Mount Gravatt in one glance

Upper Mount Gravatt at a glance

12,074

People

$1,400,000

Median sale

$713/wk

Median rent

2.65%

Suburb gross yield

Median sale from 17 recorded sales (last 12 months) — a Districts calculation.

See the full Upper Mount Gravatt report →

Keep researching

  • Why Upper Mount Gravatt? Read the area thesis →
  • What else is on the market in Upper Mount Gravatt →
  • Other records on Cremin St →

Listing material

Listed by Coronis Inner South

MODERN LIVING IN AN UNBEATABLE LOCATION WITH SWEEPING NORTH-EAST FACING VIEWS

Occupying an elevated position on Level 7 of Tower 2, the South Tower at Sky Gardens Apartments, 2744/1-5 Cremin Street offers an impressive combination of outlook, lifestyle and convenience. Featuring two bedrooms, two bathrooms, secure parking and sweeping 180-degree north-facing views, the apartment makes excellent use of its elevated position. Natural light fills the interior, complemented by tiled living spaces, square-set wall and ceiling junctions, LED lighting and a neutral colour palette.

The open-plan living and dining area provides plenty of flexibility for everyday living and entertaining. Split-system air conditioning ensures year-round comfort, while large sliding glass doors connect the interior with the covered balcony.

One of the home's standout features, the balcony captures sweeping 180-degree north-facing views from its Level 7 setting. Private and well positioned, it provides the perfect space for outdoor dining, entertaining or simply enjoying the outlook.

Read the full description

Connecting directly with the living area, the kitchen features stone benchtops, generous cabinetry and storage, a four-burner gas cooktop, electric oven and dishwasher.

The master bedroom opens directly onto the balcony and enjoys an impressive north-east-facing outlook. It also includes a built-in wardrobe, ceiling fan, split-system air conditioning and private ensuite. The well-proportioned second bedroom offers excellent versatility for guests, family members or a home office, complete with built-in storage, ceiling fan and split-system air conditioning. The main bathroom incorporates a shower over the bathtub and integrated laundry, conveniently combining these facilities within one space.

One exclusive car space is provided within the secure basement car park, together with a separate lockable storage cage. Key-fob building access and intercom entry provide additional security and peace of mind.

Sky Gardens comprises 112 residences across two eight-storey towers, serviced by four lifts and an excellent selection of resort-inspired facilities. Residents can enjoy a heated swimming pool, spa, sauna and communal BBQ and entertaining areas, along with extensive visitor parking, a designated car wash bay and rubbish chutes. Adding further convenience, Sincerity Bake & Brew by Jacorey Cafe is located within the complex, perfect for a morning coffee or casual bite close to home.

Westfield Mt Gravatt is literally just a short walk away. Simply cross Kessels Road and you have supermarkets, retailers, restaurants, cafés, cinemas and essential services within exceptionally easy reach. The South East Busway provides convenient connections towards the Brisbane CBD, while nearby access to the Pacific and Gateway Motorways makes travelling to the city, Brisbane Airport and Gold Coast straightforward.

Offering impressive views, excellent resident facilities and outstanding everyday convenience, this apartment presents an appealing opportunity for buyers seeking a secure and low-maintenance lifestyle in the heart of Upper Mount Gravatt.

NOTABLE FEATURES:

-Positioned on level 7 of south tower

-Secure key fob access with intercom

-Generous open plan living & dining area

-Square set wall and ceiling junctions

-Modern kitchen with stone benchtops, quality appliances and ample storage

-Split system air conditioning in both bedrooms & living

-Private covered balcony boasting sweeping 180-degree north facing views

-Complex resort style heated inground swimming pool, spa & sauna

-Communal BBQ & entertaining area

-Exclusive secure underground basement car space along with a lockable storage cage

-4 x lifts servicing complex

-Large amount of visitor carparking

-Car wash bay

-Convenient rubbish bin chute

-Internet connectivity

-Well maintained complex of 112 residences comprising a mix of 1, 2 & 3 bedroom apartments

-Very popular on site cafe - Sincerity Bake & Brew by Jacorey Cafe

LOCATION:

-Directly opposite Westfield Mt Gravatt

-Approx. 15km to Brisbane Airport

-Approx. 10km to Brisbane CBD

-Approx. 1.5km to Wishart State School

-Approx. 800m to St Bernard's College

-Approx. 900m to Clairvaux Mackillop College

-Approx. 2.3km to Mount Gravatt State Primary School

-Approx. 2.8km to Mount Gravatt State High School

-Approx. 3.5km to Citipointe Christian College

-Approx. 2.4km to Brisbane Adventist College

-Approx. 2.3km to Mansfield State High School

-Approx. 2.3km to Mansfield State Primary School

-Approx. 3.7km to Mount Gravatt TAFE

-Approx 1.7km to Griffith University

-Approx. 2.5km to QEII Hospital

-Approx 1.4km to (QSAC) Queensland Sport & Athletic Centre

-Approx. 500m to South East Busway

-Approx. 1.5km to Pacific Motorway M3

-Approx. 2.5 km to Gateway Motorway M1

RENTAL APPRAISAL $725-$750 PER WEEK

BRISBANE CITY COUNCIL RATES APPROXIMATE $611.45 PER QUARTER

With properties in this highly convenient location rarely lasting long, now is the time to act. Contact Tony King today on 0416 847 686 to arrange your inspection and avoid missing this opportunity.

Disclaimer: All information is provided as a guide only and buyers should conduct their own enquiries, due diligence and seek independent advice. Where inconsistent, the Form 2 Seller Disclosure Statement prevails. No price guide can be provided for auction or no-price properties; website price brackets are for search purposes only. Some images may include virtual staging, digital or AI enhancements for illustrative purposes and may not reflect the property's actual presentation.

Listing description written by Tony King, Coronis Inner South — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Intercom
  • Outdoor Entertaining
  • In-Ground Pool
  • Secure Parking
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.